Standard Lithium Correlations

SLI Stock

USD 4.30 1.09 20.22%

The current 90-days correlation between Standard Lithium and Ferroglobe PLC is 0.32 (i.e., Weak diversification). The correlation of Standard Lithium is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Standard Lithium Correlation With Market

Good diversification

The correlation between Standard Lithium and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Standard Lithium and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Standard Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Standard Lithium. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more detail on how to invest in Standard Stock please use our How to Invest in Standard Lithium guide.

Moving together with Standard Stock

0.66	IBM	International Business Earnings Call This Week	Pair Corr
0.7	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.8	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.84	CAT	Caterpillar	Pair Corr
0.81	JNJ	Johnson Johnson	Pair Corr

Moving against Standard Stock

0.7	DIS	Walt Disney	Pair Corr
0.66	ADVWW	Advantage Solutions	Pair Corr
0.61	GCMGW	GCM Grosvenor	Pair Corr
0.61	VZ	Verizon Communications	Pair Corr
0.58	BA	Boeing	Pair Corr
0.45	KO	Coca Cola Earnings Call This Week	Pair Corr
0.37	INRE	Inland Real Estateome	Pair Corr

Related Correlations Analysis

	GSM	TMC	CMP	SCL	ABAT	UAN	LAR	GTI	BAK	SGML
GSM		0.92	0.02	-0.11	0.86	0.18	0.81	-0.08	-0.67	0.59	GSM
TMC	0.92		0.12	-0.06	0.86	0.14	0.77	0.03	-0.65	0.56	TMC
CMP	0.02	0.12		0.6	-0.1	-0.23	-0.27	0.62	0.08	0.07	CMP
SCL	-0.11	-0.06	0.6		-0.39	-0.62	-0.45	0.37	0.47	0.11	SCL
ABAT	0.86	0.86	-0.1	-0.39		0.34	0.87	-0.17	-0.73	0.5	ABAT
UAN	0.18	0.14	-0.23	-0.62	0.34		0.42	0.0	-0.48	0.04	UAN
LAR	0.81	0.77	-0.27	-0.45	0.87	0.42		-0.34	-0.67	0.61	LAR
GTI	-0.08	0.03	0.62	0.37	-0.17	0.0	-0.34		-0.01	-0.36	GTI
BAK	-0.67	-0.65	0.08	0.47	-0.73	-0.48	-0.67	-0.01		-0.4	BAK
SGML	0.59	0.56	0.07	0.11	0.5	0.04	0.61	-0.36	-0.4		SGML
	GSM	TMC	CMP	SCL	ABAT	UAN	LAR	GTI	BAK	SGML

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TMC	+ 0.92	GSM
LAR	+ 0.87	ABAT
ABAT	+ 0.86	GSM
ABAT	+ 0.86	TMC
LAR	+ 0.81	GSM
LAR	+ 0.77	TMC

High negative correlations

BAK	- 0.73	ABAT
BAK	- 0.67	LAR
BAK	- 0.67	GSM
BAK	- 0.65	TMC
UAN	- 0.62	SCL
BAK	- 0.48	UAN

Risk-Adjusted Indicators

There is a big difference between Standard Stock performing well and Standard Lithium Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Standard Lithium's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GSM	2.50	0.15	0.04	0.90	2.92	(2.71)	5.52	(4.92)	17.25
TMC	4.23	0.40	0.07	(1.03)	4.78	(5.13)	8.95	(9.57)	30.35
CMP	1.78	(0.20)	0.00	1.45	0.00	0.00	3.28	(3.41)	14.23
SCL	1.53	(0.29)	0.00	0.94	0.00	0.00	2.36	(2.69)	11.15
ABAT	7.40	1.56	0.15	(3.15)	9.23	(8.57)	17.81	(14.46)	73.24
UAN	1.01	0.14	0.07	(0.49)	0.93	(1.30)	2.20	(1.76)	9.19
LAR	4.90	0.82	0.15	(0.94)	4.41	(6.44)	11.63	(7.81)	45.48
GTI	6.25	0.59	0.05	(0.08)	6.36	(9.20)	11.56	(9.59)	65.27
BAK	2.85	(0.32)	0.00	1.92	0.00	0.00	5.26	(5.91)	20.80
SGML	4.79	0.06	0.00	0.71	5.67	(5.45)	11.06	(8.51)	38.81

Standard Lithium Corporate Management

Salah Gamoudi	Chief Officer	Profile
CPA CMA	Corporate Secretary	Profile
Robert Mintak	CEO Director	Profile
Brandi McDonald	Vice Accounting	Profile
Salah CPA	Chief Officer	Profile
Michael Lutgring	General Counsel	Profile

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